Summary
- ETHZilla said it will issue 'Eurus Aero Token I,' backed by two commercial jet engines leased to U.S. airlines as the underlying asset.
- The token is priced at $100 each with a minimum purchase of 10, and the company said it is targeting an approximately 11% yield for investors who hold to maturity.
- ETHZilla said that following this jet-engine tokenization, it plans to expand its tokenization business into other asset classes such as residential mortgages and auto loans.
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ETHZilla (ETHZilla), a crypto reserve company, is launching a token backed by jet engines leased to U.S. airlines as the underlying asset.
According to Cointelegraph, a crypto-focused media outlet, on the 13th (Korea time), ETHZilla said it will issue 'Eurus Aero Token I (Eurus Aero Token I)' through its subsidiary 'ETHZilla Aerospace.' The token is backed by two commercial jet engines currently leased to major U.S. airlines.
The token is priced at $100 each, with a minimum purchase of 10 tokens. The company said it is targeting an approximately 11% yield for investors who hold to maturity, taking into account that the engine lease contracts run through 2028.
Previously, in January, ETHZilla purchased two jet engines for a total of $12.2 million for this business. At the time, the company said it would move beyond a simple crypto-holding strategy and pursue a business of putting assets on the blockchain.
ETHZilla plans to expand its tokenization business into other asset classes, including residential mortgages and auto loans, going forward.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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